Investor · 1 deal
Sydney, NSW
Every published round Citi took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Household Capital Pty Ltd | Unnamed stage | Dec 2021 | $300m | Participant | Australian FinTech, Techboard |
Companies Citi has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Household Capital Pty Ltd | Dec 2021 | 1 | 0 |
Fund closes reported for Citi, as distinct from the investments it has made.
Companies Citi has backed that another company then bought. An exit for the holding, not a deal Citi did.
| Name | Role | Sources |
|---|---|---|
| Anto Joseph | Adviser (former) | SmartCompany |
| Damon Hauenstein | Director (former) | Australian FinTech |
| Dr Asher Freilich | Healthcare Investment Banker (former) | SmartCompany |
Stories naming Citi. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sydney-based CleanPeak Energy has agreed to buy Sustainable Energy Infrastructure's 27-project portfolio of solar and battery assets; the piece also recalls KKR's $550 million backing and CleanPeak's earlier purchase of Photon Energy's Australian assets.
Spend management firm Weel has expanded Damon Hauenstein's role to cover both chief financial and operating duties, alongside recent executive appointments and a new partnership with Nium and Visa.
DigitalX's outlook on real-world asset tokenisation: market growth since 2022, institutional pilots by major banks and asset managers, regulatory frameworks, and its DxART Fund's expansion plans for 2024.
Weekly roundup of funding rounds at eleven Australian startups, including a $28 million Series B, a $14 million raise paired with an acquisition, and a neural-implant company appointing a new chief executive.
Airwallex appoints Justin Yek as Head of Strategic Finance and Corporate Development and Jon Stona as Global Head of Marketing, both joining its global leadership team as the payments platform pursues 2023 expansion.
Home equity retirement funder Household Capital has completed a Series C raise, bringing Genworth in alongside Legal & General as strategic investors, while a Genworth executive joins its board.
Also Techboard
AfterWork Ventures reflects on backing Stropro in February 2020, explaining why the platform opening structured bank products to sophisticated investors fits its unbundling-of-banks thesis and Asia-Pacific ambitions.
Square Peg explains its rationale for leading Athena's Series B, joined by Hostplus and Airtree, with analysis of the Australian mortgage market, the challenger lender's model, and its founding and senior team.
DiviPay has hired former Citi banker Damon Hauenstein as CFO, citing rapid growth, over 1,500 paying customers and a successful funding round earlier this year.
Techboard's year-end roundup catalogues November funding activity: big raises for Rokt, Harrison.ai and Pet Circle, five acquisitions, Investible's second fund closing at $51.6m, plus a watchlist of companies still seeking capital.
Also Australian FinTech
Telehealth prescription startup InstantScripts tops SmartCompany's 2021 Smart50 awards; the profile covers its founders' backgrounds and a $10.9 million funding round supported by Perennial mid-year.